Award Agreements. Each of the Basic Restricted Shares, Supplemental Restricted Shares and the Option shall be subject to an award agreement having the terms and conditions specified in the preceding subparagraphs of this Section 6 and otherwise consistent with the terms and conditions of the Incentive Plan. Each such agreement shall provide for full vesting of such awards upon a Change of Control and shall provide that Executive shall have the right to elect that any applicable tax withholding requirements with respect to the vesting, exercise or distribution of Common Stock be satisfied by having the Company withhold shares of Common Stock subject to such award having a value equal to the minimum required applicable tax withholding, and that Executive may exercise the Option using previously owned shares of Common Stock, including Basic Restricted Shares that are still subject to forfeiture, provided that that number of shares deliverable upon exercise of the Option that corresponds to the number of unvested Basic Restricted Shares surrendered will be subject to the same forfeiture provisions and restrictions on transfer as the Basic Restricted Shares surrendered to exercise such Option, in whole or in part.
Appears in 8 contracts
Samples: Employment Agreement (TreeHouse Foods, Inc.), Employment Agreement (TreeHouse Foods, Inc.), Employment Agreement (TreeHouse Foods, Inc.)
